[SkyMarshal]

It’s predatory to make obscene profits bankrupting people over unavoidable healthcare costs. But YC didn’t create this problem, Private Equity did. YC is just trying solve it with a new business model. Ideally the US govt would solve it, but since they aren’t, a private sector approach is the next best thing.

[midenginedcoupe]

This isn't trying to solve that problem at all. It's yet another flavour of insurance to add to your existing insurance. Yet another layer of the same guff that exposes ill people to bankrupcy in the first place.

[louwrentius]

The YC billionaires are part of the same problem and belong to the same class as private equity.

[SkyMarshal]

Unless they're investing in PE then that's not necessarily true. There's a difference between creating wealth via innovation and production, vs extracting wealth. I know everyone wants to hate on billionaires these days, but it's worth keeping mind that the ways in people create wealth and make money are not necessarily equivalent. Some are a non-zero-sum game that create extraordinary social good and lift all ships, some are a zero-sum-game that merely extract wealth from others. Let's try not to throw out the baby with the bathwater.

[louwrentius]

Billionaires should not exist. They are a net-negative for society and a clear symptom that something it profoundly wrong in society, especially with the insane poverty and homelessness in the USA.